"These changes reflect that commitment by ensuring existing borrowers are well-served with great rates, additional flexibility, and a range of solutions to suit their needs."
- Robert Oliver, distribution director at Dudley BS
Dudley Building Society has reduced rates by up to 0.40% on existing retention products, introduced new discounted rate products, and expanded its interest-only options.
Retention rates start at 4.99% and are available up to 95% LTV.
Two-year fixed rates have reduced by up to 40bps, now starting from 5.09% at 65% LTV and 5.24% at 75% LTV.
New two-year discounted rate products have launched at 5.24% up to 65% LTV and 5.34% up to 75% LTV.
In addition, new five-year fixed rates have launched from 4.99% at 60% LTV and 5.14% at 75% LTV.
As part of Dudley's expanded interest-only range, new two-year fixed and discounted rate options start from 5.24% at 60% LTV and new two-year fixed rates have launched from 5.49%.
All retention products have no arrangement fees and allow borrowers to overpay up to 10% of the balance annually without penalty.
Alongside its retention range update, Dudley has also introduced a new suite of further advance products, with rates starting at 5.44%.
Robert Oliver, distribution director at Dudley Building Society, commented: “As a mutual, our focus is always on creating long-term value for our members. These changes reflect that commitment by ensuring existing borrowers are well-served with great rates, additional flexibility, and a range of solutions to suit their needs.
“This update offers stability and flexibility, making it easier for brokers to help clients secure the right deal while maintaining the personalised, case-by-case underwriting approach that Dudley is known for. By enhancing our retention and further advance product offerings, we’re aiming to help borrowers stay with the Society and continue to benefit from competitive deals, further strengthening broker-client relationships.”
